According to acclaimed national site consultant Wadley Donovan Growth Tech Consultants, companies that distribute their product from CenterPoint stand to benefit from dramatic savings on operating and freight costs. When comparing CenterPoint’s location to competitor sites in Highstown, NJ (Exit 8 on the New Jersey Turnpike), and Middletown, NY, CenterPoint offers the  lowest overall costs of all the sites studied. The following total annual cost comparison is based on outbound freight assessment and includes the estimated gross lease cost for 1,000,000 square feet of distribution space and the estimated wage costs for 800 workers using the un-weighted average wage/salary of 10 warehouse/distribution related occupations.

LERTA

The Local Economic Revitalization Tax Assistance Program (LERTA) allows local municipalities, school districts, and counties to abate up to 100% of the real estate taxes on improvements to real property for up to 10 years.  Luzerne County, Pittston and Jenkins Townships and the Pittston Area School District have agreed to the full, 10-year 100% abatement for every building constructed in CenterPoint.  This can mean substantial tax savings for the park’s tenants.

Click the following text links to download PDFs that show the estimated savings from the LERTA program.

 25,000 square feet 130.05 Kb

 100,000 square feet 139.93 Kb

 250,000 square feet 129.37 Kb

 500,000 square feet 129.58 Kb

Foreign Trade Zone Benefits

Duty Deferral
No duty is ever charged on merchandise while it is in a Foreign Trade Zone, and there is no limit on the length of time merchandise may be kept in a Foreign-Trade Zone. By deferring the duty, capital is freed for more important needs.

Relief from Inverted Tariffs
Generally, if foreign merchandise is brought into a Foreign-Trade Zone or Subzone and manufactured into a product that carries a lower duty rate, then the lower rate applies.

Duty Elimination on Waste and Scrap
No duty is charged on most waste and scrap from production in Foreign-Trade Zones.

No Duty on Domestic Content or Added Value
The "value added" to a product in a FTZ (including manufacture using domestic parts, cost of labor, overhead, and profit) is not included in its dutiable value when the final product leaves the Zone. Final duties are assessed on foreign content only.

Duty Exemption on Re-Exports
If merchandise is re-exported after being placed in a FTZ or shipped to another FTZ and then re-exported then no duty is ever paid.

No Duty On Rejected Or Defective Parts
Merchandise found to be defective or faulty, may be returned to the country of origin for repair or simply destroyed. Whichever choice is taken, no duty is paid. Many companies suffer from the "double duty crunch." That is, they pay duty on imported merchandise, find it to be faulty and return it to the country of origin for repair, and then pay duty again when the merchandise reenters the United States. If you are a Foreign-Trade Zone user or Subzone, the "double duty crunch" is never a problem, because your merchandise never enters the commerce of the United States.

Relief From Local Ad Valorem Taxes
Foreign merchandise stored in  Foreign-Trade Zones, or merchandise held in a zone for export, is not subject to any state or local ad valorem taxes.

No Duty on Sales to the U.S. Military or NASA
No duty is charged on merchandise sold from a Foreign-Trade Zone to the U.S. Military or NASA.

Source: Foreign Trade Zone Corporation